Vallie secures $750,000 to bring valet parking to drivers UK-wide
On-demand car parking service launched in 2015 and currently only operates in Central London but will use Saatchi Invest-backing to support expansion
Vallie, an early-stage UK start-up offering on-demand valet parking, has closed a $750,000 seed round led by Saatchi Invest with involvement from the London Co-Investment Fund and the CEO of Met Group.
Launched in 2015 by Nash Islam; former head of mobile operations at Google, and Robin Doble; founder of car washing app GoWashMyCar, Vallie allows customers to drop their car anywhere in Central London where it is collected by a driver.
See more: Just Started – Vallie
The car is then driven to a secure location and parked for £25 a day or £5 an hour – “far less than the average car park and more convenient” its founders say.
The car can be returned to the user at their chosen destination within 15 minutes of being notified.
While the app is currently only limited to Central London, Islam and Doble plan to use the seed funding to further develop the platform and expand into new markets in the UK and mainland Europe.
CEO Islam commented: “[Vallie is] not just parking, it’s about improving the entire car owner experience and make driving into London work for both the driver and the city. Vallie’s model can work well in almost any city across the world. This round allows Vallie to deliver on that potential immediately.”
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Saatch Invest partner, Leo Castellanos, added:
“We see untapped potential and believe Vallie is not only the future of parking, but also very relevant to the way communities and cars converge in the ongoing forging of smart cities.”